RIL has held this tech support level since 2015. Can it slip below it now?

At the current levels, the stock trades 10 per lower from its historic peak of Rs 2,858.15 hit on April 29, 2022

The stock of Reliance Industries (RIL) opened weak on Monday post the results annoucement made post market hours on friday. The shares were down over 2.5 per cent in intraday deals, as the benchmark indices BSE Sensex and Nifty 50 opened gap-down following weak global cues.

The Mukesh Ambani-led company posted a jump of 22.50 per cent in its consolidated net profit (YOY) in the recently concluded quarter on account of higher refining margins, telecom and digit growth, and a push in the retail business. 

"A refining Golden Age, tightening global gas markets, and improving telecom subscriber quality